Loan Mortgage Reverse

Willard Said:

Is a reverse mortgage a good loan if my house is paid off?

We Answered:

It can be if you are either struggling financially, or simply want to have more funds to enjoy retirement.

A "reverse" mortgage is a loan against your home that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. No matter how this loan is paid out to you, you typically don't have to pay anything back until you die, sell your home, or permanently move out of your home. To be eligible for most reverse mortgages, you must own your home and be 62 years of age or older. More information about reverse mortgages can be found here......

http://reversemortgageresource.blogspot.…



________________________

Joy Said:

Reverse Mortgage Loan?

We Answered:

YES, YOUR CONCEPT IS CORRECT.

Herbert Said:

Can My Dog Take Out A REVERSE MORTGAGE LOAN On His House ...?

We Answered:

A few years ago this would have been a feasible option, however with the K-9 credit market going the way of the wolves he likely won't be able to find a lender willing to do this. His best option would be to remove all of the copper piping in his abode and sell it as scrap in order to cover said vet bills. Otherwise he may need to begin prioritizing his bone collection and start selling them off.

Its a hard knock life for dogs.

Leo Said:

Reverse Mortgage Loan help?

We Answered:

Reverse mortgages are only available for homeowners over the age of 62. You may have other options, however. I recommend consulting a mortgage broker or bank that is familiar with the needs of the disabled about home equity loans to provide support until you're eligible for a reverse mortgage.

Gladys Said:

Any in for or advice for seniors on one fixed income needing a reverse mortgage or loan modifier.state CA?

We Answered:

In order to qualify for a reverse mortgage you must be al least 62 and have substantial equity in your personal residence.
If you have further questions AARP is a good (and free) source.

Discuss It!